Public Ownership of Toyota Field
May 14, 2019
After months of negotiation by the city, county, and Spurs organization a deal was achieved for the public acquisition of Toyota Field for $18 million, costs split between the city and county with a $9 million investment each. Spurs Sports and Entertainment will lease Toyota Field for 20 years while operating a minor league soccer team with the goal of making the jump to MLS. If the minor league franchise does not make it to the MLS in the first six years of the lease, Spurs Sports and Entertainment will pay the city and the county $2.5 million each.